Consensus based on estimates of brokers who have provided forecasts to Visible Alpha. Columns, as denoted, represent the median, average, highest and lowest analyst estimates for each line item. Total values may not tie to the sum of components.
| 2024E | 2025E | 2026E | 2027E | |||||||||||||
| Median | Avg. | Low | High | Median | Avg. | Low | High | Median | Avg. | Low | High | Median | Avg. | Low | High | |
Closing FPAUM (€bn) |
144.9 | 144.8 | 142.3 | 147.8 | 146.4 | 146.1 | 139.5 | 150.5 | 153.8 | 152.0 | 144.3 | 158.1 | 164.0 | 166.9 | 140.2 | 188.2 |
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| Management fees | 1,232 | 1,230 | 1,190 | 1,246 | 1,447 | 1,450 | 1,415 | 1,502 | 1,462 | 1,474 | 1,416 | 1,571 | 1,482 | 1,458 | 1,341 | 1,524 |
| (+) Performance related earnings (PRE) | 170 | 168 | 153 | 175 | 494 | 509 | 438 | 607 | 632 | 601 | 387 | 667 | 654 | 681 | 588 | 910 |
| (+) Other operating income | 4 | 4 | 3 | 6 | 4 | 4 | 3 | 8 | 4 | 5 | 3 | 8 | 4 | 5 | 3 | 9 |
| Adjusted pro forma revenue | 1,403 | 1,402 | 1,364 | 1,425 | 1,980 | 1,963 | 1,901 | 2,025 | 2,095 | 2,084 | 1,963 | 2,148 | 2,144 | 2,148 | 1,978 | 2,404 |
| (-) Personnel expenses | (370) | (364) | (332) | (384) | (432) | (420) | (352) | (471) | (466) | (449) | (380) | (502) | (487) | (483) | (410) | (530) |
| (-) Other expenses | (150) | (147) | (120) | (185) | (173) | (170) | (126) | (240) | (181) | (181) | (132) | (259) | (193) | (198) | (159) | (280) |
| Adjusted pro forma EBITDA | 885 | 876 | 836 | 907 | 1,361 | 1,347 | 1,239 | 1,420 | 1,440 | 1,426 | 1,304 | 1,497 | 1,454 | 1,464 | 1,308 | 1,709 |
| (-) D&A | (35) | (34) | (33) | (36) | (35) | (35) | (34) | (39) | (35) | (36) | (34) | (41) | (35) | (36) | (34) | (43) |
| (-) Net finance charges | (34) | (35) | (40) | (28) | (40) | (36) | (40) | (26) | (40) | (35) | (40) | (12) | (40) | (34) | (40) | 0 |
| (-) Tax | (59) | (62) | (57) | (71) | (126) | (126) | (113) | (137) | (127) | (128) | (110) | (155) | (125) | (121) | (83) | (140) |
| Adjusted pro forma net profit | 753 | 749 | 704 | 770 | 1,159 | 1,157 | 1,096 | 1,214 | 1,258 | 1,237 | 1,073 | 1,297 | 1,270 | 1,274 | 1,119 | 1,496 |
| Non-controlling interests | (23) | (23) | (10) | (36) | (24) | (25) | (18) | (34) | (29) | (31) | (23) | (41) | (21) | (23) | (16) | (37) |
| Adjusted pro forma shareholders net profit | 724 | 726 | 671 | 756 | 1,137 | 1,132 | 1,063 | 1,190 | 1,221 | 1,206 | 1,032 | 1,263 | 1,245 | 1,250 | 1,097 | 1,474 |
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| Management fee earnings (MFE, €m) | 710 | 704 | 662 | 728 | 839 | 834 | 770 | 887 | 824 | 815 | 701 | 912 | 790 | 774 | 684 | 835 |
| Pro forma Management fees % adj. revenue | 88% | 88% | 87% | 89% | 75% | 74% | 70% | 77% | 69% | 71% | 68% | 80% | 68% | 68% | 62% | 72% |
| Pro forma MFE margin | 58% | 58% | 56% | 59% | 59% | 59% | 57% | 61% | 56% | 56% | 55% | 58% | 53% | 53% | 51% | 55% |
| Adj. pro forma EBITDA margin | 63% | 63% | 60% | 64% | 69% | 69% | 65% | 70% | 69% | 68% | 64% | 70% | 68% | 68% | 66% | 71% |
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Last updated 30th January 2025
Full list of analysts covering CVC Capital Partners plc
|
Institution |
Analyst |
|
ABN AMRO - ODDO BHF |
Julian Dobrovolschi |
|
Autonomous |
Isobel Hettrick |
|
Bank of America |
Hubert Lam |
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Barclays |
Michael Sanderson |
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BNP Paribas Exane |
Arnaud Giblat |
|
Citi |
Nicholas Herman |
|
Deutsche Bank |
Sharath Kumar |
|
Goldman Sachs |
Oliver Carruthers |
|
ING |
Reg Watson |
|
J.P. Morgan |
Angeliki Bairaktari |
|
Morgan Stanley |
Bruce Hamilton |
|
Redburn Atlantic |
Charles Bendit |
|
UBS |
Haley Tam |